- Eurite (EURI) New Spot Trading Pairs on Binance
- Zero-Fee Promotion for EURI Trading Pairs
- Details about Eurite (EURI)
Binance, the largest cryptocurrency exchange by trading volume, announced the addition of Eurite (EURI) — the first MiCA-regulated stablecoin pegged to the Euro.
Eurite (EURI) New Spot Trading Pairs on Binance
Starting August 28, 2024, at 10:00 (UTC), trading for EURI’s new spot pairs, EUR/EURI and EURI/USDT, will commence on the Binance platform. The deposit of EURI stablecoin will start on August 29, in preparation for trading and withdrawals of the stablecoin. However, it is worth noting that the EUR/EURI and EURI/USDT trading pairs will only be available to users in the EU region. Users from countries like the US, Iran, Japan, Cuba, and Canada will not have access to the spot trading pairs.
Zero-Fee Promotion for EURI Trading Pairs
To celebrate the launch of the EURI stablecoin, Binance announced a zero-fee promotion for the EURI trading pairs. This means that users will not pay any fees for EURI trading pairs during the zero-fee promotion period. The promotion starts on August 28 and will continue until further notice.
Details about Eurite (EURI)
Eurite (EURI), launched on August 24, 2024, is a bank-backed stablecoin pegged to the Euro. This means EURI is backed 1:1 by EUR cash, ensuring price stability and risk reduction. The stablecoin was issued by Banking Circle S.A., a payment bank based in Luxembourg. During the launch, representatives from Banking Circle S.A. stated that the stablecoin would initially be launched on Binance and then on CoinUT Switzerland AG, before appearing on other cryptocurrency exchanges. EURI fully complies with the European Union’s (MiCA) stringent regulations, improving trust and reliability for users. EURI is both a BEP-20 token on the BNB Smart Chain and an ERC-20 token on the Ethereum blockchain, providing versatility and accessibility across various platforms. According to Daniel Lee, Head of Web 3 Banking Circle, 'The launch of EURI establishes strong foundations and functionality for Banking Circle that will enable us to launch stablecoins and tokenized money in the future, providing more choice and optionality for the market.'
The addition of Eurite (EURI) to the Binance platform expands the range of cryptocurrency offerings, providing stability, reliability, and additional opportunities for users.
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